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If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Typically, we'll see the trend of both return on capital employed (ROCE) declining and this usually coincides with a decreasing amount of capital employed. Ultimately this means that the company is earning less per dollar invested and on top of that, it's shrinking its base of capital employed. Having said that, after a brief look, Meridian Energy (NZSE:MEL) we aren't filled with optimism...
>>> Read more: Meridian Energy's (NZSE:MEL) Returns On Capital Not Reflecting Well On The Business
>>> Read more: Meridian Energy's (NZSE:MEL) Returns On Capital Not Reflecting Well On The Business
